Bullseye was one of five sponsors, including LinkedIn, Randstad, AARP, and Jackson Lewis, for the 2017 retreat that brought about 100 thought leaders from around the globe to Scottsdale, Arizona. Each year the group focuses on a different aspect of challenges that will face the workplace of the future. This year’s theme was “Harnessing the Power of a Multigenerational Workforce.” Adeel Zaidi, Bruce Culver, and Delta Emerson represented Bullseye at the event. Many issues were discussed, including:
1) proactively dealing with age diversity issues, 2) helping managers cultivate people skills, 3) creatively preparing for transfer of knowledge as generations exit and enter the workforce simultaneously, and 4) creating work environments that are engaging. Bullseye attendees took many notes and had the chance to share with conference attendees the solutions we have that can help with addressing some of the issues that were discussed. A few statistics from Gallup worth noting:
- Millennials will make up 50% of the workforce by 2020 and 75% by 2025.
- Actively disengaged employees cost the U.S. $483 – $605 billion per year.
- 55% of millennials are currently not engaged or “checked out” in the workplace.
- Millennials value on-going feedback and defined goals.
- 72% who agree that their manager helps them set performance goals are engaged.
- 60% who report that their manager holds them accountable are engaged in their work.
- 50% of millennials plan to be with their company one year from now.
- 66% of Baby Boomers do not plan to retire at historically normal ages, and mortality rates are projected to move to 100+.
- Book Recommendation: “The 100-Year Life – Living and Working in an Age of Longevity” – Lynda Gratton and Andrew Scott